Not Sure, when I used to Reset with hole in top, the screen would flash white and then reboot. Now I cannot reset that way anymore (broke the reset button off inside, maybe my 4th time resetting), I have to open the back and pull the battery now
neither affects the firmware. so the short answer is no. Electronics however have millions of little few atom thick conductive pathways in the transistors, etc, and a stray electron can get stuck, for lack of a better way of putting it. Turning it off may not clear the stuck electron. hitting reset should. That's the simplest way of putting it.
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